Section 50D of the Income Tax Act: Understanding the Valuation of Capital Assets
The Income Tax Act is a comprehensive law that regulates the taxation system in India. Section 50D of the Income Tax Act is an...
A Comprehensive Guide to Section 44AB of the Income Tax Act
Income Tax Act, 1961 lays down certain provisions that need to be complied with by taxpayers in India. One of the most important provisions...
Section 44AA of the Income Tax Act: Requirements for Maintenance of Books of Accounts
Section 44AA of the Income Tax Act, 1961, lays down the provisions related to maintenance of accounts by certain taxpayers. The section applies to...
Section 80CCD(1) of Income Tax Act: A Comprehensive Guide
Understanding Section 80CCD(1) of the Income Tax Act
Section 80CCD(1) is a provision of the Income Tax Act, 1961 that provides tax benefits to individuals...
Understanding Section 10(17) of the Income Tax Act: Tax Exemption for Diplomats and Consular...
Section 10(17) of the Income Tax Act, 1961, provides a tax exemption on any allowances or benefits received by diplomats or consular officers in...
Understanding Section 40A(3) of the Income Tax Act: Limits on Cash Expenses and Compliance...
Section 40A(3) of the Income Tax Act is an important provision that governs the treatment of expenses that are incurred in cash in excess...
Section 44ADA of Income Tax Act: A Comprehensive Guide for AY 2018-19
Section 44ADA of the Income Tax Act was introduced by the Finance Act, 2016, and came into effect from April 1, 2017. This section...
Section 147 of the Income Tax Act: Procedure for Reopening Assessments
Section 147 of the Income Tax Act is an important provision that allows the income tax department to reopen an assessment or reassessment in...
Understanding Section 80P of the Income Tax Act: Tax Benefits for Cooperatives
Understanding Section 80P of Income Tax Act: An Overview
Section 80P of the Income Tax Act, 1961, is a crucial provision that allows various types...
Understanding Section 10(14) of the Income Tax Act AY 2019-20
The Income Tax Act, 1961 lays down the various provisions for determining the taxable income of an individual or entity. Section 10 of the...